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NM Apartment Advisors is excited to bring this 9 unit courtyard style community to market for the first time since the Milligan family developed it. Built in 1942, 1947, 1974 & 1992, this 9 unit, 7 building property contains units from small bedrooms to three large houses, a storage building and a bit of extra land.After 60 years of building apartments around the city, including this community, the Milligan family has decided to retire from the rental business and is offering the property as a value add with a high cap rate of 8.40%.Zoned R-ML, the 0.88 acres site has some room for another duplex. (per owner/developer).Although recent renovations have been done, this investment is a value-add opportunity.
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Listing information last updated on July 6th, 2020 at 5:45am MDT.